South Africa plans R27 billion water fund with climate finance | City Press

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South Africa plans R27 billion water fund with climate finance | City Press
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Years of neglect have left the country suffering power outages on a daily basis, while the quality of water provision has slumped. Now the DBSA has applied to the GCF for $235 million toward a water infrastructure fund. Read more here:

Children cup their hands under a water tap. Sub-Saharan Africa is already a water scarce region and plans are needed to mitigate shortages and poor quality waterA The Development Bank of Southern Africa plans to create an almost $1.5 billion water infrastructure fund and is seeking finance from the Green Climate Fund.

Years of neglect have left the country suffering power outages on a daily basis, while the quality of water provision has slumped "The South African water sector needs progressive and innovative approaches to enable adaptation to climate change impacts and ensure a resilient and water secure future,” the DBSA said in the documentation. Boitumelo Mosako, the DBSA’s chief executive officer, said in a June 20 interview that the GCF could provide money for project preparation and lending without being more specific.

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